Cubist Systematic Strategies LLC acquired a new position in NeoPhotonics Corp (NYSE:NPTN) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 49,854 shares of the semiconductor company’s stock, valued at approximately $277,000. Cubist Systematic Strategies LLC owned 0.11% of NeoPhotonics at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of NPTN. Voya Investment Management LLC raised its holdings in NeoPhotonics by 20.0% in the 2nd quarter. Voya Investment Management LLC now owns 16,469 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 2,749 shares during the last quarter. Citigroup Inc. raised its holdings in NeoPhotonics by 35.7% in the 2nd quarter. Citigroup Inc. now owns 17,314 shares of the semiconductor company’s stock worth $134,000 after acquiring an additional 4,556 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in NeoPhotonics in the 2nd quarter worth approximately $159,000. The Manufacturers Life Insurance Company raised its holdings in NeoPhotonics by 13.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,099 shares of the semiconductor company’s stock worth $210,000 after acquiring an additional 3,245 shares during the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new position in NeoPhotonics in the 2nd quarter worth approximately $234,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

A number of equities analysts recently weighed in on NPTN shares. Zacks Investment Research lowered shares of NeoPhotonics from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Craig Hallum reaffirmed a “buy” rating and issued a $8.50 target price on shares of NeoPhotonics in a research report on Friday, October 6th. B. Riley reaffirmed a “hold” rating and issued a $5.25 target price on shares of NeoPhotonics in a research report on Friday, October 6th. Needham & Company LLC lifted their target price on shares of NeoPhotonics from $8.00 to $11.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 9th. Finally, DA Davidson set a $7.00 price objective on shares of NeoPhotonics and gave the company a “hold” rating in a research report on Thursday, December 7th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.67.

Shares of NeoPhotonics Corp (NPTN) traded down $0.47 during trading on Monday, reaching $6.08. 1,206,484 shares of the company traded hands, compared to its average volume of 678,620. The company has a market cap of $287.84, a P/E ratio of -6.99 and a beta of 1.29. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.85 and a quick ratio of 1.25. NeoPhotonics Corp has a one year low of $4.56 and a one year high of $12.44.

NeoPhotonics (NYSE:NPTN) last issued its earnings results on Monday, November 6th. The semiconductor company reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.09. The company had revenue of $71.12 million during the quarter, compared to the consensus estimate of $69.94 million. NeoPhotonics had a negative net margin of 11.37% and a negative return on equity of 13.61%. NeoPhotonics’s quarterly revenue was down 31.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 EPS. analysts anticipate that NeoPhotonics Corp will post -0.99 earnings per share for the current fiscal year.

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About NeoPhotonics

NeoPhotonics Corporation develops, manufactures and markets optoelectronic products that transmit, receive and switch digital optical signals for communications networks. The Company develops and manufactures Transmitter Products, Receiver Products and Switch Products that are used in ultra-high speed digital optical communications, high speed switching and provisioning, and access connections for wireless and fiber-to-the-home communications networks.

Institutional Ownership by Quarter for NeoPhotonics (NYSE:NPTN)

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